Income Tax Accounting
Thursday, August 15, 2019 – Thursday, April 30, 2020
This CPE course assists you in understanding the rules of ASC 740, Income Taxes, and how these rules establish guidelines for accounting for income taxes, including income tax expense, classification of deferred tax accounts, and related disclosures.
Additionally, this course contains case studies to give you a practical look at how to account for different deferred tax scenarios. You will also receive a comparison of the accounting for income taxes under both U.S. GAAP and IFRS.
? Recall how to calculate income tax expense and deferred tax liabilities and assets
? Identify steps necessary to determine the valuation allowance
? Identify components of proper documentation of deferred income taxes in the workpapers, as well as required disclosures within the financial statements
Income tax expense and deferred tax liabilities and assets
Proper documentation of deferred income taxes in the working papers
Required disclosures within the financial statements